Answer:
Avicenna can expect to lose money from offering these policies. In the long run, they should expect to lose ___33__ dollars on each policy sold
Step-by-step explanation:
Given :
The amount the company Avicenna must pay to the shareholder if the person die before 70 years = $ 26,500
The value of each policy = $497
It is given that there is a 2% chance that people will die before 70 years and 98% chance that people will live till the age 70.
The expected policy to be sold= policy nominal + chances of death
= 497 + [98% (no pay) + 2% (pay)]
= 497 + [98%(0) + 2%(-26500)]
(The negative sign shows that money goes out of the company)
= 497 - 2% (26500)
= 497 - 530
=33
Therefore the company loses 33 dollar on each policy sold in the long run.
<span>the answer is b. π(10^3) – π(4^3)</span><span> </span>
(34/8 - 16/9) = 89/36
(89/36 - 14/9) = 11/12
ANSWER: 11/12
Answer:
just go in your browser and use m a t h w a y no spaces and should be the first one
Step-by-step explanation:
Answer:
Step-by-step explanation:
Not a Function because : (-20, - 7) and (-20,- 10)
each element must associate with a single
-20 to associate two elements: -10; -7
